DECIBEL THERAPEUTICS INC (DBTX) Stock Technical Analysis
NASDAQ:DBTX - Nasdaq - US24343R1068 - Common Stock - Currency: USD
Overall DBTX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, DBTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DBTX is one of the better performing stocks in the market, outperforming 91% of all stocks.
DBTX is part of the Biotechnology industry. There are 549 other stocks in this industry. DBTX outperforms 83% of them.
DBTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DBTX is lagging the market slightly.
DBTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DBTX has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.99
5.31
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.90 to 4.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.25 from a trend line in the weekly time frame.
- A support zone ranging from 2.96 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.58 from a trend line in the daily time frame.
- Support @2.01 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.05 to 5.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DBTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBTX is up. |
| ChartMill Relative Strength | 91.28 | POSITIVE | DBTX has a high relative strength, it outperformed 91.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DBTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DBTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for DBTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DBTX has a negative trend. |
| Stochastics (14,3) | 20.2 | NEUTRAL | The Stochastics value for DBTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for DBTX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.06 | POSITIVE | The high ADX value value for DBTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.91
-0.04 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.81%
1 Week-3.73%
2 Weeks-4.1%
1 Month-4.1%
3 Month23.37%
6 Month85.28%
12 Month28.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%2.22%
ATR Inc108.71%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.28
Mansfield3.23
10 Day High5.21
10 Day Low4.88
20 Day High5.26
20 Day Low4.88
52 Week High5.4
52 Week Low1.61
CS1 End4.9
CR1 Start5.05
Volume & EV
DER(3)-7.7%
DER(5)-8.36%
Volume1.26M
Volume Incr256.36%
Vol(5)534.24K
Vol(50)282.23K